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Full Description
Adopting a structuralist approach, this informative book discusses the international obstacles to economic growth and the role of individual sectors including manufacturing and services in political economies. It also examines key issues, such as the determinants of economic growth through capital accumulation and technological change.
Leading experts shed light on the importance of aggregate demand in relation to trade and capital flows, addressing socio-economic inequality and regional divergence. Focussing on Latin American countries, they showcase regional disparities and demonstrate the historical regimes that have perpetuated income inequalities. Covering key case studies, such as the social polarization in Colombia and the challenges for inclusive growth in Argentina, they reveal the institutions, policies and economic agents involved in the development of Mexico's political economy. The book further demonstrates that there is much more to economic development than neoliberal reforms, identifying the roles of inflation and fiscal expansion, alongside contemporary obstacles to economic growth.
A vital resource for students and academics in economics, public policy, and human and development geography, this book will also greatly benefit researchers and policymakers in economic development and politics.
Contents
Contents
Preface and acknowledgements x
PART I MACROECONOMICS AND DEVELOPMENT:
GENERAL AND GLOBAL ISSUES
1 Structuralist perspectives on economic development in Latin
America and beyond 2
Amitava Krishna Dutt, Nora Lustig, Juan Carlos Moreno
Brid and Jose Antonio Ocampo
2 The Africa rising narrative: economic growth, the terms of
trade, structural change, and global uneven development 24
Omar S. Dahi, Firat Demir and Amitava Krishna Dutt
3 Inflation in dual economies 49
Peter Skott
4 Slow inflation = wage repression: fiscal expansion won't
change the equation 73
Lance Taylor
PART II LATIN AMERICA: INEQUALITY, GROWTH AND
SECTORAL ISSUES
5 Latin America's inequality changes under different political
regimes 85
Giovanni Andrea Cornia
6 Thinking about inequality in Latin America in times of
commodity booms and pandemics 105
Diego Sánchez-Ancochea
7 External challenges to economic growth in Latin America 124
Juan Carlos Moreno-Brid, Esteban Pérez Caldentey, Lorenzo
Nalin and Edgar Pérez-Medina
8 What role for modern services in Latin America's economic
development? 141
Eva Paus
9 Some considerations on capital accumulation, structural
change, and innovation in four Latin American economies 168
José I. Casar, Gabriela Dutrénit and Martín Puchet Anyul
10 Regressive structural change and the challenges for inclusive
growth in Argentina 189
Jose Maria Fanelli and Nora Lustig
11 Economic and social polarization in Colombia 208
José Antonio Ocampo and Natalie Gómez-Arteaga
PART III MEXICO: POLITICAL ECONOMY, CAPITAL
ACCUMULATION AND REGIONAL DISPARITIES
12 The political economy of Mexican development: institutions,
policies, and economic agents 229
Leonardo Lomelí Vanegas
13 Sluggish capital accumulation with a rising profit share: four
hypotheses for the Mexican economy 248
Robert A. Blecker and Carlos A. Ibarra
14 Regional disparities in per capita income in Mexico and the
role of manufacturing industry 278
Penélope Pacheco-López and Anthony P. Thirlwall
